Macroeconomics 11th Edition by Michael Parkin

تمرين 30

After you have studied Reading Between the Lines on pp. 366-367, answer the following questions.
a. What was the state of the U.S. economy in the fall of 2011 when the Fed made the decision to undertake operation twist?
b. What was the Fed's expectation about future employment, real GDP growth, and inflation at the time of the news article
c. How would operation twist influence the markets for short-term and long-term loanable funds, and aggregate demand
d. Would you expect the effects on real GDP and the price level to be immediate or spread over a number of months and even yearsWhy